US existing home sales rise in May; mortgage rates still a constraint
- Posted on June 23, 2025
- By Yahoo News
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US existing home sales rise in May; mortgage rates still a constraint
WASHINGTON (Reuters) -U.S. existing home sales unexpectedly increased in May, but the trend remained weak amid high mortgage rates. Home sales climbed 0.8% last month to a seasonally adjusted annual rate of 4.03 million units, the National Association of Realtors said on Monday. The sales pace was the slowest for the month of May since 2009.